FNT has a lot going on... There are few things I really like about it...
1. Peter McNeil knows his stuff in PNG... he has loads of experience working there... also was part of Lihir discoveries... was taken over by NCM for few billions.
2. It's a tiddler... I have checked and double checked but I can't find actime gold explorer listed at asx with smaller market cap... keeping in mind PNG leases some excellent grades from.the surface.
3. Good leases with grades... plus underexposed... a good hit with grades and width and we are in for a big re rate.
4. Fnt owns four rigs... means they only need to pay for shift work and tranportation of rig to site...
5. Gold Silver and zinc... All at one place.
6. Conventional and Porphry potential...
7. Drilling for both conventional and porphry
Now it has 1.7m market cap and 400k cash plus 4 drill rigs...
You can do the math... even at 10c it will be 4m EV approx even if don't consider 4 rigs...
Cheers
FNT has a lot going on... There are few things I really like...
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